This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 7 °C Friday 22 November, 2019
Advertisement

Nearly half of small businesses feel confident about the next three months

The figures show a stabilisation in the economy, the Small Firms Association says.

Image: Photocall Ireland

THERE ARE SIGNS that the economy has stabilised – that is the opinion of the Small Firms Association.

The SFA’s Business Sentiment Survey, released today, shows that 35 per cent of businesses say that the economic environment is “good” or “very good”. That figure represents an 11 per cent rise on the middle of last year.

In total, 48 per cent of business owners say that they see the next three months as “good” or “very good”.

Over 30 per cent of small firms expect orders to improve in the coming months.

Avine McNally of the SFA said that these figures showed that the decline in the economy is settling.

She says that the biggest challenge for small firms, especially those trading on the domestic market, is the fragility of the domestic economy and confidence among consumers.

“While there is an improvement in confidence among small businesses it remains fragile, this confidence needs to improve further as then owner managers are more likely to invest and make purchase decisions.”

Read: The Department of Finance has lost letters connected to the bank guarantee

Read: Anglo worried that the bank guarantee could make it liable if other banks failed

  • Share on Facebook
  • Email this article
  •  

Read next:

COMMENTS (22)